Needham & Company LLC Reiterates Hold Rating for MoneyLion (NYSE:ML)

Needham & Company LLC restated their hold rating on shares of MoneyLion (NYSE:ML) in a report released on Friday,Benzinga reports.

A number of other equities research analysts have also recently commented on the company. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and cut their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Northland Securities increased their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

MoneyLion Trading Up 0.3 %

NYSE ML opened at $87.77 on Friday. MoneyLion has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market cap of $974.33 million, a P/E ratio of 398.95 and a beta of 3.04. The stock’s fifty day moving average price is $86.69 and its 200-day moving average price is $69.38.

Insiders Place Their Bets

In other MoneyLion news, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares in the company, valued at $15,657,203.20. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,403 shares of company stock valued at $5,245,538. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ML. MMCAP International Inc. SPC bought a new position in shares of MoneyLion in the fourth quarter worth about $41,435,000. Cooper Creek Partners Management LLC bought a new position in shares of MoneyLion in the fourth quarter worth about $21,933,000. Tudor Investment Corp ET AL raised its stake in shares of MoneyLion by 1,825.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock worth $12,472,000 after buying an additional 137,473 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of MoneyLion in the fourth quarter worth about $9,828,000. Finally, Nuveen Asset Management LLC raised its stake in shares of MoneyLion by 138.7% in the fourth quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock worth $15,016,000 after buying an additional 101,455 shares during the period. Institutional investors own 31.43% of the company’s stock.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.